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Economy Middle East Summit
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Middle East
Energy
Oil prices surge on positive economic outlook, geopolitical concerns
China and U.S. demand boost prices amid Middle East conflict
Economy
Middle East economy remains robust despite oil cuts, geopolitical turbulence: Report
Green finance emerges as major player in supporting economic diversification efforts
MENA
76 percent of MENA residents believe living in a smart city would make them happier: Report
Smart and connected buildings and homes emerge as top priorities for MENA residents
Banking & Finance
Visa bolsters fraud protection with three new AI-powered solutions in Visa Protect suite
The newest services include the cutting-edge immediate fraud solution, expanded network-agnostic fraud mitigation
Markets
Oil prices hold steady amidst Russian refinery disruptions, geopolitical tensions
The attacks caused potential disruptions to oil capacity, estimated at 900k bpd
Banking & Finance
Dealmaking potential soars in the Middle East in 2024: Report
Robust M&A activity in the region with economic diversification driving growth
Markets
Oil prices rise amid escalating geopolitical tensions, supply concerns
Rising tensions fuel fears of supply disruption
Logistics
GCC, Türkiye to forge new path with free trade agreement negotiations
Trade between both parties rose to $31.4 billion in 2023, from $2.1 billion in 2022
Markets
Oil prices slide on stronger dollar, potential Middle East tensions alleviation
Declining gasoline supply in the U.S. indicates potential slowdown in crude demand
Technology
42 percent of UAE companies adopt AI in business operations: Study
Insights highlight impact of AI in driving efficiency and enhancing consumer experiences
Banking & Finance
EFG Hermes concludes advisory on Cenomi retail’s sale of a portfolio of fashion brands to Abdullah Al-Othaim Fashion
In December 2023, Cenomi Retail acquired 100 percent of the share capital of Innovative Outfit Trading Company
Markets
Oil prices hold near four-and-a-half month high on reduced exports, market caution
Surging prices fueled by refinery activity, China demand, and Middle East disruptions
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